Bank of China to start operations in Romania this December

Bank of China will begin operations in Romania in December, Romania’s National Bank (BNR) governor Mugur Isarescu announced during a speech on the occasion of the 70th anniversary of Romania-China's bilateral relations, Hotnews.ro reported.

“I would like to point out the presence of Mr. Guo Lixin, general manager of this branch, and I wish him success in the activity,” said Isarescu.

Bank of China, one of the largest in the world, notified BNR earlier this year about its intention to provide services directly in Romania.

In one of its first direct operations on the local market, Bank of China contributed to the EUR 200 million revolving loan extended by a syndicate of banks to real estate developer Globalworth.